Canadians often follow a similar school of thought when it comes to financial planning – spend as little as possible and save the rest. Along with this mindset comes the associated guilt when we decide to spend on ourselves. Most of us want to achieve the ideal median in life – living the life we
In a 2018 survey, the Bank of America found that 1 in 6 millennials have $100,000 or more in savings. As impressive as this is, the survey also found that others had nothing saved at all. The number of millennials that do not have any money set aside is increasing. An article from
As the deadline to submit our individual tax returns approaches, it may be a good time to look deeper into our financial security. Several studies assessing the economic climate in Canada indicate that many continue to struggle with high debt levels and feel they have insufficient savings for their future. There is some thought given
The new rules put in place by the Office of the Superintendent of Financial Institutions (OSFI) came into effect on January 1, 2018. Guideline B-20 – Residential Mortgage Underwriting Practices and Procedures applies to all federally regulated financial institutions. It outlines the rules and criteria a lender must consider prior to approving a loan. Below we
Many of us are aware that where we live can influence our physical and mental health. There is strong evidence to suggest that a higher social and economic status is associated with greater overall health. In an effort to provide better lives for our families and ourselves, we work harder so that we can reside